A growing number of employers are offering pay deals for staff, and many are trying to make it work for both sides.
The Australian Bureau of Statistics says pay is still relatively low in most parts of the country.
But many organisations are finding that by reducing the amount of work that is paid, they are able to retain more staff.
The ABS says employers can offer workers more than $1,000 in a typical pay deal, up from about $700 last year.
But it says that includes not just a pay offer, but a range of options, including bonuses, bonuses for performance, and performance incentives for employees.
Some organisations offer incentives for workers to stay on or stay for longer.
The BIS says a common theme in pay deals is that the pay offer includes incentives for the employer to make the employee more productive.
It says the more productive an employee is, the more they will receive in pay.
It is also important that incentives are consistent across the business.
For example, if an employer is offering an incentive for a worker to move into a different office, but it is also offering bonuses for productivity, it may be possible for the incentive to work for a different company.
The pay deal also needs to be in line with the company’s management structure, said the BIS.
If an organisation is offering a salary or a bonus, it can be difficult to determine how that money is being spent.
Employers should be aware of the risks involved in the offer.
The compensation offered may not be sufficient to attract the employees, said Andrew Wilson, the managing director of human resources at the Australian Institute of Management.
And it is possible for companies to offer a different incentive for different levels of productivity.
If you are a manager, it’s important to get a better understanding of the potential of the incentive offer, Wilson said.
“It’s very important to understand the level of productivity you are getting,” he said.
If your company offers incentives, it is important to look at it, he said, but not at the level you’re paying.